India Infoline, in response to market movement away from equities, is closing down its retail brokerage division.
Investors
NYSE does system check in anticipation of Twitter IPO
In order to avoid the fiasco of Facebook on the NASDAQ, the NYSE ran simulated IPO tests to iron out glitches and kinks in its systems.
Report recommends debt shelter instead of bank break up for RBS
In a recommendatory report, Rothschild said it would be best to have the bank's bad debts placed in an internal bad bank instead of breaking up the bank.
BlackStone President sells more shares
Blackstone Group LP President Tony James sold 3.25 million shares managed through a firm controlled by his family.
Air France CFO blasts Alitalia for lack of information
In a news report in the Italian daily Il Messagero, a letter from Air France CFO criticized Alitalia for the lack of information regarding key decisions made on their joint venture where it owns 25%.
Latest News
In a MEED Projects Study, it was found that forty major projects in the Sultanate are in the pipeline with total cost to reach USD112 billion.
SAP CFO Werner Brandt squashed rumors of SAP's interest in BlackBerry through an interview with Euro am Sonntag.
The purpose of Mitsubishi Motors Corp's public share offer is to pay back shareholders through the buyback of preferred shares.
In a filing with the US Supreme Court, Argentina seek stay of payment order issued by lower court. The Argentine government had filed an urgent motion in US Appeals Court last Friday to stay the hold order requiring the government to pay USD1.
The current freeze order for domestic IPOs in China forced lender Huishang Bank Corp to list its IPO in Hong Kong's index.
The highest fine was imposed upon United Continental as thirteen flights went beyond the three hour tarmac rule at O'Hare International Airport last July 13, 2012.
Japan Exchange fell after expectations were unmet as major stocks pulled down the market. The biggest decline was registered with Asian stocks since August after the forecasts Canon Inc to Japan Exchange Group Inc had frustrated investors at the same time money market rates had urged in the second largest economy in the world.
The US Justice Department scored a major win when a New York federal jury found the Countrywide unit of Bank of America guilty for mortgage fraud.
The European Union and Turkey would be resuming accession talks on November 5 after a three-year postponement.
